Young Saver Account
"I'd always felt uncomfortable investing in a non-ethical way as in the long-term my children are not enriched by it. I wanted a secure future for them, but not at the detriment of other people. I think we need to enrich the planet, not just our corner of it." Judith Woodward - Mother of Triodos Young Savers, Stella and Solomon, Cornwall
A rewarding long term savings account for children and young people.
- You can choose to operate the account on the child’s behalf - from birth to 16 years of age - or children between 7 and 18 years can run their own accounts
- You can open a Young Saver with as little as £25
- You can save regularly with a standing order or add lump sums at any time
- A bonus of 1% will be paid at the end of 5, 8 and 10 years. Click here for more information.
- A 33 day notice period.
Accounts for children are governed by slightly different rules to adult accounts. Click here for the special terms and conditions for the Triodos Young Saver account or call free on 0500 008 720 and we can talk you through them.
To apply for a Triodos Young Saver and start saving ethically for a child's future, click here for more information and to complete an application form online. Or call us on 0500 008 720 and we'll send you an application pack.
Special Terms and Conditions for the Triodos Young Saver account.
Young Saver accounts are designed for children, from birth to age 18. They are also subject to the details outlined in ‘Setting up an account for a child’, our information sheet which also includes details on the rules covering a child’s exemption from tax. Please call our Customer Services department if you do not already have a copy of this.
Opening a Young Saver Account
A Young Saver Account can be opened in the child’s own name from the age of seven. If an account is opened in the sole name of the child, that child is then the only person able to withdraw funds or obtain information from the account. Young Saver Accounts can also be held in trust for the child from birth until the age of 16 by opening an account in the name ‘your name re the child’. This makes the adult signatory to the account but the funds belong to the child.
When the child reaches 16 years old
From the age of 16 years, the account must be held in the name of the child and the child must complete a new tax status form. We will contact you to confirm instructions.
When the child reaches 18 years old
We will contact the account holder at 18 for instructions regarding the account. If we do not hear from you, the account will be closed and funds transferred to another Triodos account pending your instructions.
A bonus of 1.0% on the average balance in a “bonus period” will be paid on 31 December of the year in which the “bonus period” ends. The “bonus periods” are:
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The first five years after the account is opened
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The next three years, that is years 6 to 8
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The next two years, that is years 9 to 10.
The “bonus period” is invalidated and no bonus is paid if the account is closed, or if it has a nil balance for longer than three continuous months. If more than 2 withdrawals per calendar year are made, the interest rates are reduced by 1.50% gross (1.51% AER).
- Request brochure
- We'll send you information about an account that suits you.
- Interest rates
- Find out our current rates for personal savers.
- Philip Revell - Farming for a better future
- Triodos Bank saver Philip Revell writes about his visit to Whitmuir Farm near Edinburgh - one of the businesses his money has helped support.
- Ian Price - A year in the life of an organic banker
- As the UK’s only dedicated organic farming bank manager, Triodos Bank’s Ian Price is closer than most to the issues and their effect on farmers across the country. Here, he reflects on an eventful 2007.